Firms operating in Ras Al Khor hit 1,765

8,221 Total investors in Ras Al Khor companies

DUBAI — The number of operating businesses in Ras Al Khor has reached 1,765, according to a report from the Business Registration and Licensing sector in Dubai’s Department of Economic Development (DED).

The licences issued to business activities in various categories, including commercial (1,260), professional (406) and industrial (99), said the report, which covered various activities with an overview of the business opportunities in Ras Al Khor.

The first company in Ras Al Khor was established in 1971 in the field of vehicle tyre repair, followed by a trading company in 1972 and four companies in 1973 in contracting, building materials, fuel trading and car repair.

The total number of investors in the companies operating in Ras Al Khor reached 8,221, including 7,724 businessmen, with about 497 businesswomen representing around 6 per cent of the total entrepreneurs. Most of the entrepreneurs are Emiratis, followed by Indians, Pakistanis, Jordanians, Bangladeshis, Chinese, Egyptians, British, Yemenis, Saudis and Lebanese. The operational rate of the companies is 96 per cent, while the number of workers in these firms reached 25,458.

The companies in Ras Al Khor carried out 3,026 business activities, mostly in food trade; contracting; transport; shipment and storage; automobile repair; restaurants and cafes; buildings; security and cleaning; rental of machinery and equipment; ready-made garments; auto parts trading; and mechanical and engineering equipment trading.

The legal forms of the companies operating in Ras Al Khor are limited liability company (1,239), sole proprietorship (385), civil company (96), one-person limited liability company (20), branches of companies based in other emirates (12), general partnership (eight), branches of Gulf companies (four), and branches of free zone companies (one).

DED Dubai adopts a developed approach to promote the business environment to ensure that the emirate’s competitiveness is maintained. —